CNBC Interview | The Biggest Edge That We Can Have as Investors is Patience

In this CNBC interview, Philip Palumbo shares his insights on the current market conditions and their impact on investment strategies.

He identifies the biggest risk for investors as the potential for the Fed to make a policy mistake, such as keeping rates high for too long or even potentially hiking before cutting, as some Fed policymakers debated about during their June meeting.

Persistent inflation poses a threat to the economy, particularly affecting low-income households and retirees.

Palumbo suggests looking for opportunities where stocks are trading below fair market value, specifically in sectors like REITs and utilities.

He emphasizes the importance of focusing on valuations when making investment decisions.

He closes the interview by advising the audience that trying to time the markets, economy, or interest rates is a complete waste of time. Instead, he emphasizes that the number one edge investors have is patience, which is crucial for a successful investment strategy.


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By: 2 Market Media